My Partners Want Out
Different goals, different timelines, one property.
Partnership splits stall more park sales than any physical problem. One partner wants cash, another wants to defer taxes, a third wants to keep managing.
The path forward is usually either a buyout of one side or a clean sale with proceeds divided per the operating agreement. Either way, the entity documents drive the deal.
What matters most in Arizona
- Review the LLC operating agreement for buy-sell and consent provisions first.
- Get one authorized decision-maker for negotiations, even if all partners sign.
- Partners can take different tax treatment on a sale; involve the CPA early.
"Don't have clean books? Don't let that stop you. Start with what you know."
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